Dec 20 2017

Trade Idea for the day – 20 Dec 2017

EURUSD :- Trading in a Rising Wedge pattern, Momentum indicator slow stochastic gving a sell signal at overbought region and RSI(14) turned back after reaching the overbought territory.

Our Preference:- Sell on the conservative break of 1.1825 for the target of 1.1750 with a stop-loss of 1.1850.

GBPUSD:- Trend-line resistance with slow Stochastic at 80 mark(overbought region).

Our Preference:- Sell at Current(1.3382) for a target of 1.3330 with a stop-loss of 1.3405.